New Delhi: Akhilesh Yadav-led Samajwadi Party (SP) declared assets worth nearly Rs 635 in 2015-16, topping the list of 22 regional parties, according to a report by the Association for Democratic Reforms (ADR), a Delhi-based think tank.
"During the financial year 2011-12, the declared assets of SP was Rs 212.86 crore which increased by 198% to Rs 634.96 crore during the financial year 2015-16. The total assets of AIADMK between the financial year 2011-12 & 2015-16 increased by 155%, from Rs 88.21 crore to Rs 224.87 crore," said the report.
The report that analyses the assets and liabilities of the regional parties between the financial years 2011-12 and 2015-16 is based on audited accounts submitted by the parties to the income-tax department and the Election Commission of India.
During the financial year 2015-16, the highest asset category was FDR/deposits under which the parties declared Rs 1054.8 crore. The only asset category to show a reduction in value was "Loans and Advances" - from Rs 19.75 crore in 2011-12 to Rs 16.2 crore in 2015-16.
The liabilities declared by the parties fall under two major heads -- borrowings (from banks, overdraft facilities and sundry creditors) and other liabilities.
"During the financial year 2011-12, the declared assets of SP was Rs 212.86 crore which increased by 198% to Rs 634.96 crore during the financial year 2015-16. The total assets of AIADMK between the financial year 2011-12 & 2015-16 increased by 155%, from Rs 88.21 crore to Rs 224.87 crore," said the report.
The report that analyses the assets and liabilities of the regional parties between the financial years 2011-12 and 2015-16 is based on audited accounts submitted by the parties to the income-tax department and the Election Commission of India.
During the financial year 2015-16, the highest asset category was FDR/deposits under which the parties declared Rs 1054.8 crore. The only asset category to show a reduction in value was "Loans and Advances" - from Rs 19.75 crore in 2011-12 to Rs 16.2 crore in 2015-16.
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The liabilities declared by the parties fall under two major heads -- borrowings (from banks, overdraft facilities and sundry creditors) and other liabilities.
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